Exeter Financial LLC Sells 50 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Exeter Financial LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,999 shares of the financial services provider’s stock after selling 50 shares during the quarter. Exeter Financial LLC’s holdings in JPMorgan Chase & Co. were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JPM. Dale Q Rice Investment Management Ltd bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $498,000. Marcum Wealth LLC lifted its holdings in JPMorgan Chase & Co. by 1.8% in the fourth quarter. Marcum Wealth LLC now owns 35,185 shares of the financial services provider’s stock valued at $8,434,000 after buying an additional 628 shares during the period. Traveka Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 30.4% during the 4th quarter. Traveka Wealth LLC now owns 6,570 shares of the financial services provider’s stock valued at $1,575,000 after purchasing an additional 1,532 shares in the last quarter. CHB Investment Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $210,000. Finally, BCS Wealth Management grew its position in shares of JPMorgan Chase & Co. by 2.0% during the 4th quarter. BCS Wealth Management now owns 3,168 shares of the financial services provider’s stock worth $759,000 after buying an additional 62 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.3 %

JPMorgan Chase & Co. stock opened at $247.35 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $242.60 and its 200 day simple moving average is $223.51. The stock has a market cap of $696.37 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.02%. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America boosted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.83.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.